You are probably wracking your brains trying to figure out where we are.

Near as I can tell we are in a part of the cycle very similar to the time period of April 11, 2012 to May 16, 2012. I base this on a supply/demand dynamic that I see through a form of OBV regression. It shows that longer term demand is slightly lagging but close to supply, close to balance. And for the short term up side and down side risk are also roughly balanced. But take this as a warning, the longer that the price is below the short term equilibrium point the more upside risk there is.

Back to the 70s baby

I hope you guys have funds ready to buy back really soon. Time to tell all your friends and familly to buy now while it's getting down, not when it's going up. 

i guess OP is somewhat right. pretty decent bounce

At least for now... That's my prediction gents.

Don't think we'll even touch it, but please sell down to 71, as I've got a buy order set

Things are much better than backed to beginning of April... Why should we sold BTC at the price much lower than beginning of April??
I can't figure out ,since nothing too bad...BTC are more recognized by the public than before , Even more entrepreneurs are under developing their BTC related projects.... As I am writing this  I just arranged a fiats transactions to the exchange ...I hope this a good time to buying.

Well, for the anti-bears out there, think about this.  Sure it would be nice to see the price start to rise.  But, honestly, do you have any plausible reason why Bitcoin would go up?

- MtGox unfreezing payout?  Well, even if technically unfrooze, they still keep a 2 week delay.  Some say that it's because they really lack liquidity and they want to have some cash inflow to pay for the outflow (à la Ponzi).  In any case, we can forget that as the trend changer.
- Winlevoss fund?  Well, those things take time.  It won't happen tomorrow for sure.  And even if it happen soon, do you think people will invest just for that?  There's nothing to back it up except for the speculative/hype aspect of it.  Fundamentally, the hype is already gone, and there's no real economy put forward here.
- Paypal won't go Bitcoin for a while.  It's under U.S. laws and probably don't want all the hassle of registering, etc.
- Any big player jumping into Bitcoin?  Who would risk it?  The buzz is gone.
- Anything else?

On the negative side though there's just more and more that pile up against Bitcoin.

So, do you really just hold in hope that some magical power would suddenly change the trend?  In hope that it may rise for unforeseen reason?  Do you really think such a rise would be sustained?  How much do you think the price would rise over the course of several weeks?  10%, 20%, 50%?  Really, that sort of thing happened last time because there was sustained news, hype, media attention, coordinated turn of events.  Really, the buzz is gone.  People who had the chance to learn about Bitcoin already know about it by now.  The medias already have forgotten about it...  Old story, nothing new.

I'm telling you, the future does not look bright.  And I don't see anything that would sustain a rise, let alone a change of trend.  So, before speculating that the price may rise, and jump back in if it goes up by 5%, think more than a week ahead.  The golden days are behind.

I don't say that it's over, just that the magic is no longer there.  Price may stabilize, but the fundamental problem is there, Bitcoin is still and always had been a virtual speculative hype.  And it's now being seen as a threat by the U.S. govt./banks.  It will only get beaten more and more, and with more fierceness as the price go up, and as more people invest in it.

Bitcoin is still a child.  It's not seen anywhere as a serious option for the future.  Way too much fluctuation.  Way to much uncertainties.

That's my opinion, just my 2¢...  And please, lawful believers and undeniable bulls, put to good use your freedom of speech and don't hesitate to flame me!  That's what the speculative forum is for  But I think it's time to take a break for a moment and do a reality check.

Not saying i won't profit on scamcoin, already have plenty of them.
Just that i'll profit as much as possible and sell them with no regret.

Obviously BTC is not the first and the last successful CC we see. Therefore I frequently select a bunch of cool alt coins to invest in. I did this with LTC and it brought me 1200% ROI. I have also invested in PPC and NMC for their innovation.

However, seems that NVC is quite similar to PPC and therefore competing? Why would you prefer PPC over NVC?

Be careful when catching falling knives.

Nice find, but you're already a bit too late ...  we are 100% over recent low.
TRC got up too. Next turn FTC (despite i the fact consider it as an absolute scamcoin).
http://www.cryptocoincharts.info/period-charts.php?period=3-months&resolution=day&pair=ftc-btc&market=vircurex

This is a very interesting quesion since when people sell bitcoin for USD, it means they trust USD more than bitcoin

So why do people trust in fiat money, which is created out of nothing by the central banks?

Is it because they have no knowledge about money creation, or because their ignorance about the financial, or their respect/fear about the government enforcement?

One accept fiat money is because all the other merchant also accept fiat money as a payment medium, once this tradition established, it seldom changes

But this is only one reason, another reason might be that they regard fiat money as a safenet, backed by the government. Look at the FDIC rules, it just want to calm people from withdrawing their savings from banks and it worked very well

I think some kind of insurance should be built around bitcoin, to give people more confidence to handle the bitcoin. Saying this is backed by mathematics and network just scared most of them

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Low volume, bearish feeling all around...

Maybe a big fall tomorrow ?  

What do you think ?

Is it just me projecting or do you also notice a big shift here? Only several weeks ago half of the forum was still openly bullish. Now I can barely find a bullish post. Sure the winkle ETF many like, but very few seem to think this will push up the price in the short term. Compare that to the chinese bitcoin documentary that was used by most that 'price will go up up up'.

I'm bearish myself but seeing so many agree I think chances become higher that it will actually go up the coming weeks.